***ATTENTION CARRIERS AND IMPORTERS*** U.S. Customs is continuing to experience a significant system issue affecting the transmission of cargo release results. Unfortunately, this is out of our hands as it is completely on CBP's end. See CBP CSMS Message 64970723.

U.S. CUSTOMS ALERT: TRADE ALERT: China and U.S. Reach Agreement, Reduce Tariffs

  • by BCB International

    • The President has signed an Executive Order reducing the IEEPA Reciprocal Tariff rate applicable to products of China from 125% to 10% effective May 14, 2025 at 12:01 am for a period of 90 days. In other words, Chinese products will be subject to the same 10% baseline reciprocal rate applicable to most other countries. The reduction is NOT retroactive.

    Further, the Order modifies the country-specific rate that would be applicable to China from 125% to the originally assigned 34%. However, that 34% rate is suspended for a period of 90 days.

    At this time, all other tariff orders pertaining to products of China remain in effect including but not limited to the 20% IEEPA Fentanyl tariffs, Section 301 tariffs, and Section 232 tariffs on steel, aluminum, automobiles, and automobile parts.

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